Locked Box Interest definition

Locked Box Interest. Has the meaning set out in clause 5.3.
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Locked Box Interest means interest on the Locked Box Value in respect of the period from (and including) the Effective Time to (and including) the Closing Date at the Locked Box Interest Rate.
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Locked Box Interest has the meaning set forth in Section 2.2(a).
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Examples of Locked Box Interest in a sentence

  • In addition to the purchase prices set forth above, the Purchaser shall pay interest on uch purchase prices for the time between the Locked Box Date and today's date at a rate of 5% p.a. (the "Locked Box Interest").

  • The Locked Box Interest shall not be calculated on a yearly compounded basis.

  • The aggregate purchase price for both the ARAPP GmbH Shares and the ARAPP KG Shares as well as the Locked Box Interest, thus, amounts to EUR 109,536,446.14 (in words: EURO one hundred nine million five hundred six thousand four hundred forty six and fourteen Cents) (the "Purchase Price").

  • The Parties acknowledge that none of the Share Consideration Amount, the Credit Agreement Debt Amount, the Locked Box Interest Amount or the Shareholder Loan Amount is subject to Dutch VAT.

  • No later than five (5) Business Days prior to Completion, the Seller shall notify the Purchaser of the amount of: (i) any known Leakage and (ii) the amount of Locked Box Interest, in each case as at Completion.


More Definitions of Locked Box Interest

Locked Box Interest. Shall have the meaning as defined in Section 5.3 of this Agreement MK Immobilien GbR Shall have the meaning as defined in Section 6.3.1 of this Agreement MS Agreement Shall have the meaning as defined in Section 7.1.8 of this Agreement New General Partner Regeltechnik Kornwestheim GmbH, a limited liability company, seated in Kornwestheim and with its registered place of business at ▇▇▇-▇▇▇▇▇▇-Straße 3, 70806 Kornwestheim, Germany, registered with the commercial register of the local court of Stuttgart under HRB 206565 Party Individually, each of the Sellers, the Purchaser or the Participants Parties Collectively, the Sellers, the Purchaser and the Participants RS Agreement Shall have the meaning as defined in Section 7.1.2 of this Agreement Damages Shall have the meaning as defined in Section 10.1 of this Agreement Tax Returns Shall have the meaning as defined in Section 9.14.1 of this Agreement Taxes Shall have the meaning as defined in Section 9.14.3 of this Agreement Transaction as defined in the preamble Environmental Damage Shall have the meaning as defined in Section 13.3 of this Agreement Affiliate(s) Shall have the meaning as set forth in Sections 15 et seq. of the German Stock Corporation Act (Aktiengesetz) Sellers Shall mean collectively Seller 1, Seller 2 and Seller 3 Seller 1 ▇▇. ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ Seller 1 ARAPP KG Share as defined in the preamble Seller 2 ▇▇. ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇ ▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ Seller 2 ARAPP GmbH Shares as defined in the preamble Seller 2 ARAPP KG Share as defined in the preamble Seller 3 ▇▇. ▇▇▇▇-▇▇▇▇▇▇▇ Schroeder ▇▇▇▇▇▇▇▇▇▇ ▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ Seller 3 ARAPP GmbH Shares as defined in the preamble Seller 3 ARAPP KG Share as defined in the preamble Sellers' Bank Accounts Shall have the meaning as defined in Section 5.6 of this Agreement Seller's Bank Account Shall have the meaning as defined in Section 5.6 of this Agreement Sellers' Representative Shall have the meaning as defined in Section 18.1 of this Agreement Breach Shall have the meaning as defined in Section 10.1 of this Agreement Agreement This share purchase agreement including its Schedules Material Agreements Shall have the meaning as defined in Section 9.8.1 of this Agreement Competing Activities Shall have the meaning as defined in Section 15.1.1 of this Agreement Payment Confirmations Shall have the meaning as defined in Section 5.7 of this Agreement Permitted Payments Shall ...
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Locked Box Interest means EUR 156,000,000 (one hundred fifty-six million euro);
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Related to Locked Box Interest

  • Locked Box Accounts means the accounts in agreed form of the Group Companies, comprising a balance sheet as at the Locked Box Date and profit and loss account for the period which commenced on 18 October 2016 and which ended on the Locked Box Date;

  • Locked Box Date means December 31, 2024.

  • Lock-Box Account With respect to any Mortgaged Property, if applicable, any account created pursuant to any documents relating to a Mortgage Loan or Serviced Loan Combination to receive rental or other income generated by the Mortgaged Property. Any Lock-Box Account shall be beneficially owned for federal income tax purposes by the Person who is entitled to receive the reinvestment income or gain thereon in accordance with the terms and provisions of the related Mortgage Loan or Serviced Loan Combination and Section 3.07 of this Agreement, which Person shall be taxed on all reinvestment income or gain thereon.

  • Lockboxes has the meaning set forth in Section 2.7.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.